UNI hit a high of $10.30, now $8.69: Do we expect a continuation? After the vertical impulse, we observe a correction and consolidation above the $8.64-$8.25 zone. Is there still a chance that the impulse will continue, or are signs of overheating or failure forming that require deeper correction?
UNI’s overall price structure
- Active feet. A = $6.98, B = $10.30.
- dynamics. Buyers took control with A and the first pause above $8.25. Sellers had the upper hand on the rebound from the $9.52 to $9.03 area.
- Retracement. For $6.98 to $10.30: 0.236 = $9.515 – reached and sold. 0.382 = $9.031 – reached and acted as local resistance. 0.5 = $8.640 – Under test. 0.618 = $8.248 – The lower bound of impulse normalization is not violated yet.
- structure. HH/HL will remain as long as the price remains above $6.98.
- Leg context. The pre-break range XY before vertical acceleration is just over $7, and its width W is small. It is currently following a retracement and reaction at the $8.64 and $8.25 supports.
Uni Ema
- EMA-20 $8.618. Tilt upwards. The current correction is dynamically supported within the $6.98 to $10.30 range, with consolidation forming around that area. A break below the close increases the probability of a test of the $8.30-$8.20 zone, risking a deeper correction. Importantly, the current distance from EMA-20 is moderate and the acceleration is weakening, which argues for normalization after the vertical burst.
- EMA-50 $7.983. Tilt upwards. The next threshold for preserving the mid-term impulse if the adjustment progresses. A loss of this level could activate a scenario testing the $7.70 to $7.50 lower support.
- EMA-100 $7.251. Tilt upwards. Inertial boundary of the 1H trend after completely absorbing the current impulse. A decline at this level could signal a break in the inertial uptrend and price returning to base support from last weekend.
- EMA-200 $6.618. Tilt upwards. Long-term trend filter for the first half. A return below this level would indicate that the entire $6.98 to $10.30 leg is invalid and may require a revaluation of the entire structure.
UNI Fibonacci Key Zone
- 0.236 ($9.515). Upper limit of seller zone after impulse. Holding below will maintain pressure towards $9.03. A continued move above this will bring back the $10.30 test. It will not merge with EMA.
- 0.382 ($9.031). An important boundary for buyers to take back control. Above the closing price, the focus shifts to $9.52 and then to $10.30. A loss in the retest from above will weaken any bullish attempts.
- 0.5 ($8.640). Core support for current fixes. The consistency of the closing prices above supports a repeat attempt at $9.03. A close below this will push the price towards $8.25. Matches EMA-20.
- 0.618 ($8.248). Boundary of a deeper correction without breaking the trend from $6.98 to $10.30. Losing this level opens the way to $7.69. If it holds, it will form the basis for another approach to $8.64. The confluence with EMA-50 is not close, but the zone is above it.
UNI market sentiment
Although there is some risk, I think we can observe neutral sentiments. The price is stable around the EMA-20, between 0.5 and 0.618, with a range of $6.98 to $10.30. The structure of the candle shows that the body and wick are shortened after unloading, indicating a normalization stage. No signs of overheating. A sign of a change of pace would be seen by a break above $9.03 on the top and $8.25 on the bottom.
📈 Potential bullish scenario
- confirmation. It closes above $9.031 with an acceptable retest between $8.95 and $9.03.
- Next target. The closest target is $9.515, followed by a retest of $10.30.
- Disabled. The closing price was below $8.640.
📉 Potential bearish scenario
- confirmation. A close below $8.248 will lead to a retest from the bottom between $8.25 and $8.30.
- Next target. We will retest the base at $7.691 and then $6.98 if momentum holds.
- Disabled. The closing price was over $9.031.
✅ Possibility of entry
- zone. $8.95-$9.03.
- trigger. The closing price was over $9.03. A single touch to the inner boundary of the zone is allowed without being invalidated.
🛑 Possible outage
- zone. $8.640.
- trigger. Basically you end up with less than $8.64. Once we reach $9.515, we move to the break-even point. The first half then tracks EMA-20 with each close below EMA-20.
UNI: What to watch in the coming hours
I would say the most important thing is the action around $8.64, hold it or lose it compared to the EMA-20. The reaction to $9.03 as a potential continuation trigger is also important. If it’s weak, keep an eye on the depth of the decline to $8.25 and buyer reaction at that boundary.
The content provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any action you take based on the information provided is at your own risk. We are not responsible for any economic loss, damage or consequences arising from the use of this content. Always do your own research and consult a qualified financial advisor before making any investment decisions. read more